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  "documentTitle": "Automatic Data Processing (ADP) (ADP)",
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  "authorName": "William Ackman",
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      "text": "Despite management's goal to eliminate spending to support legacy architecture, we believe these costs are relatively unchanged in recent years. The change in composition in IT spend between legacy systems and new development is driven by higher absolute spend.",
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      "text": "“Having said that, part of the reason we're moving our clients to common platforms is to eliminate costs that today are being really used to maintain old legacy platforms that aren't focused on innovation. So I think our need to invest more in R&D will be less if we have fewer platform so that we think that would be obvious.” — Carlos Rodriguez, Sanford C. Bernstein Strategic Decisions Conference (May 2013)",
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